The GDL Fund (NYSE:GDL – Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, December 11th will be given a dividend of $0.12 per share by the investment management company on Friday, December 18th. This represents a $0.48 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, December 11th.
The GDL Fund Stock Performance
Shares of GDL stock opened at $8.28 on Thursday. The stock’s fifty day simple moving average is $8.35 and its 200 day simple moving average is $8.43. The GDL Fund has a twelve month low of $8.01 and a twelve month high of $8.67.
Institutional Trading of The GDL Fund
Large investors have recently modified their holdings of the stock. GatePass Capital LLC raised its holdings in shares of The GDL Fund by 87.1% in the 1st quarter. GatePass Capital LLC now owns 53,150 shares of the investment management company’s stock worth $443,000 after acquiring an additional 24,750 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of The GDL Fund in the third quarter worth about $137,000. Uhlmann Price Securities LLC purchased a new stake in shares of The GDL Fund in the third quarter worth $90,000. Finally, Park Avenue Securities LLC lifted its position in The GDL Fund by 2.6% during the third quarter. Park Avenue Securities LLC now owns 84,771 shares of the investment management company’s stock valued at $707,000 after purchasing an additional 2,167 shares during the last quarter.
The GDL Fund Company Profile
The GDL Fund (NYSE:GDL) is a diversified, closed-end management investment company. The fund seeks to generate high current income, with capital appreciation as a secondary objective. To pursue these objectives, The GDL Fund invests primarily in a diversified portfolio of debt securities, including below-investment-grade debt, senior secured loans and other credit-related instruments. Its holdings may include securities issued by companies and entities across a range of industries and geographic markets.
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